Seaport Res Ptn Forecasts Reduced Earnings for Materion

Materion Co. (NYSE:MTRN) – Research analysts at Seaport Res Ptn decreased their FY2024 earnings estimates for Materion in a research report issued on Monday, November 4th. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings of $5.28 per share for the year, down from their prior forecast of $5.30. The consensus estimate for Materion’s current full-year earnings is $5.25 per share. Seaport Res Ptn also issued estimates for Materion’s Q4 2024 earnings at $1.48 EPS, Q1 2025 earnings at $1.36 EPS, Q2 2025 earnings at $1.50 EPS, Q3 2025 earnings at $1.59 EPS, Q4 2025 earnings at $1.73 EPS, FY2025 earnings at $6.18 EPS and FY2026 earnings at $7.47 EPS.

Separately, StockNews.com raised shares of Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Materion Price Performance

NYSE:MTRN opened at $106.02 on Tuesday. Materion has a one year low of $96.18 and a one year high of $145.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 3.15. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 29.86 and a beta of 1.19. The firm’s fifty day moving average is $106.88 and its two-hundred day moving average is $110.50.

Materion (NYSE:MTRN) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. The firm had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. Materion had a net margin of 4.45% and a return on equity of 12.06%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share.

Materion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, November 14th. Materion’s payout ratio is 15.21%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Jennison Associates LLC raised its position in shares of Materion by 29.7% in the first quarter. Jennison Associates LLC now owns 262,121 shares of the basic materials company’s stock worth $34,534,000 after acquiring an additional 60,030 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Materion by 21.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 538,975 shares of the basic materials company’s stock worth $58,280,000 after acquiring an additional 96,525 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of Materion by 66.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 13,768 shares of the basic materials company’s stock worth $1,489,000 after acquiring an additional 5,518 shares during the period. UniSuper Management Pty Ltd acquired a new position in shares of Materion in the first quarter worth about $747,000. Finally, Renaissance Technologies LLC raised its position in shares of Materion by 164.0% in the second quarter. Renaissance Technologies LLC now owns 35,900 shares of the basic materials company’s stock worth $3,882,000 after acquiring an additional 22,300 shares during the period. Institutional investors and hedge funds own 93.56% of the company’s stock.

Materion Company Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.